Monday, October 21, 2019

New climate deal with Guyana exempts forest to be destroyed by dam

In a newly negotiated forest climate deal with Guyana, Norway will pay about NOK 40 million annually to the South American country as long as forest loss does not exceed 10,000 hectares a year.

Guyana plans to spend most of this money on a hydropower project, Amaila Falls, which will destroy 4,500 hectares of Amazon forest. Since this could push deforestation above the agreed ceiling - thereby blocking the Norwegian payments -Amaila Falls has been exempted from the deal.

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